Limited-coverage health insurance plans don't cover major expenses if you become seriously ill. These plans-sometimes called limited-benefit plans-are offered by many small businesses that previously provided no coverage or whose employees could not afford more expensive coverage. They can cost as little as $40/month-hundreds of dollars less than the cost of a typical company health plan. The plans cover many routine services, such as doctor visits and medicines, but provide little or no coverage for emergencies and hospital care-and often cap annual payouts at $10,000 or less per person.

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